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What would be the best return on a pension annuity fund value 拢16000 after 25% cash sum approx 拢21000gross?


male aged 55

It depends on whether you are a man or a woman and the age at which you retire. You haven't given any of this information!

If you are a woman aged 60, then you can currently get about 拢960 a year before tax (Norwich Union). If you are a man aged 65, then it's 拢1,152 before tax.

The good news is that you don't have to pay National Insurance on your pension!

It will be better if you smoke or are fat, but it all depends on your age now as it is how long you live that matters. Shop around.

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